Future

Polkadot

<ul>
 <li>Polkadot (DOT) faces selling pressure, trading near $4.14 and nearing $3.5 support.</li>  
 <li>Technical indicators show bearish trends, with RSI below 45% and falling SMA.</li>  
 <li>If $3.5 support fails, DOT could drop further, potentially to $1.9.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/ethereum-polkadot-polygon-top-long-term-picks/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> is facing renewed selling pressure after a recent attempt at recovery stalled. The token had shown signs of rebounding, but momentum has now reversed. Currently trading near $4.14, Polkadot’s price is slipping toward a crucial support level at $3.5. With this level in focus, the question is whether the bulls can hold the line or if bears will push DOT even lower.</p>  
<h2 class="wp-block-heading" id="h-can-the-3-5-support-level-hold">Can the $3.5 Support Level Hold?</h2>  
<p>The $3.5 mark is a <a href="https://cryptonewsland.com/polkadot-eyes-upside-after-correction/" target="_blank" rel="noopener noreferrer nofollow">key support level for Polkadot</a>, and its fate could determine the token’s next move. On the 4-hour chart, DOT is trading below its 100-day Simple Moving Average (SMA), a sign of increasing bearish pressure. The Relative Strength Index has also dipped to 45%, indicating growing selling momentum. This signals that the bears are gaining control.</p>  
<p>The 1-day chart confirms this bearish trend. Polkadot is still below the 100-day SMA, and the <a href="https://www.investopedia.com/terms/r/rsi.asp" target="_blank" rel="noopener noreferrer nofollow">Relative Strength Index</a> reading has fallen to 41. These indicators suggest further downside could be ahead unless the bulls step in to defend the $3.5 support. A break below this level could open the door to more losses.</p>  
<h2 class="wp-block-heading" id="h-polkadot-s-future-outlook-nbsp">Polkadot’s Future Outlook&nbsp;</h2>  
<p>If the $3.5 support fails, DOT may see its price fall even further. The next significant support could be as low as $1.9. However, if the bulls defend the $3.5 level, we could see a potential rebound. In that case, <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">DOT</a> might aim for the $4.8 resistance level.&nbsp;</p>  
<p>Technical indicators show bearish momentum, but a defense of the $3.5 support could shift market sentiment. Traders should closely watch this key level in the coming days to see if a bounce or further drop is on the horizon.</p>  
<p>Polkadot’s next move could set the tone for its performance in the near term. A bounce from the $3.5 support may give bulls some hope, but if bears succeed, we could be looking at a deeper decline for the cryptocurrency.</p> 
<p>The post <a href="https://cryptonewsland.com/polkadot-faces-bearish-pressure-at-3-5/" rel="noopener noreferrer nofollow">Polkadot Faces Renewed Bearish Pressure: Will $3.5 Support Hold?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Polkadot Faces Renewed Bearish Pressure: Will $3.5 Support Hold?

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